THE PHILIPPINES: Preference & Postponement

Current state of the Philippines, as defined in
the 1934 McDuffie-Tydings Act, calls for complete independence on July
4, 1946. Preceding independence, Philippine trade preferences with
the U. S. whereby sub-quota exports of major Philippine products
are 100% tariff-exempt would be reduced by annual steps, so that by
1946 Philippine products would pay the same tariffs as any other
foreign nation.

Almost as soon as the McDuffie-Tydings Bill was passed it began to be
reconsidered. Last year a joint committee of U. S. and Philippine
experts examined the...